On Tuesday, stocks across Asia strengthened their positions as investors are trying to learn more about the stimulus measures. The good news comes from Japan, even though both indexes earlier declined more than 3% each during the Tuesday session. They bounced back by the end of the day. The Nikkei 225 rose 0.85% higher at …
Group of Seven Nations, Investors, and Japanese Stocks Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURCAD The Canadian dollar is looking to recover some of its major losses against the single currency. EURCAD bears are looking to take advantage of the concerns about the coronavirus spreading in Europe. The …
Gold prices fell on Monday after reaching $ 1,700, as investors sold bullion amid the collapse of the stock and energy markets, eclipsing demand for the metal as a haven. At the same time, Palladium sank up to 8% on the day. In a volatile session, spot gold rose 1.7% to $ 1,702.56 an ounce, …
Gold Prices Recede After Exceeding $1,700 for Profit-Taking Read More »
On Monday, shares of oil companies declined sharply due to the decision. Shares of Australia’s Santos fell 27.01%, and shares of another Australian company Beach Energy dropped 19.39%. As a reminder, several days ago, OPEC failed to strike a deal with its allies. This news affected the stocks. For example, shares of Japan Petroleum Exploration …
The last days were very turbulent for stocks, equities, and currencies. Most of them plummeted down after the pandemic fear caused panic in investors and traders. The markets ended the last session in the red. The investors hit the risk-off currencies once more. As a result, the Japanese yen soared, hitting new highs. The currency …
Yen and Euro Skyrocketed. What About Other Currencies? Read More »
The Japanese yen skyrocketed during the last days. The currency rose by 9.4% in a dozen trading days. And it is climbing to its largest three-day gain since the 2008 financial crisis. However, it’s not good news for policymakers in Japan. The exporters are also concerned, observing the trade closely. Meanwhile, the Australian Dollar fell …
Japanese Yen hit three-days high. U.S. Dollar remains low Read More »
On Monday, stocks in Asia experienced problems as the oil prices fell amid fears of a price war. Several days ago, OPEC failed to reach a deal with its allies on production cuts. This news is another challenge for the stock markets. For instance, the Nikkei 225 in Japan dropped 5.07% to close at 19,698.76. …
OPEC, Oil Price War and Stocks Across Asia Pacific Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURUSD After breaking above the 50-day and 200-day moving averages, the pair has continued to go up the daily charts. The sentiment is still largely bearish for the pair, and the steep gains in …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. GBPJPY Trading just above the 200-day moving average, the GBPJPY pair within a tight range this week as bulls and bears engage into a tug-o-war, although the sentiment is largely bearish. The sterling appears …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDZAR The pair has recently seen a steep downfall after the South African rand benefitted from bets the US Federal Reserve will cut rates soon. However, the dollar still managed to cap the losses, …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. USDNOK The USDNOK pair is trading within new record highs, although it started this week trading in the red. This indicates Norwegian krone bulls are trying to revive the crown currency, although it’s going …
The world is going crazy and emerging into chaos. But maybe it was like that all the time, and we’ve just noticed? Nevertheless, Gold is holding proud and has managed to slip for two days in a row despite a total meltdown in global stocks. Gold Futures for April delivery slipped 0.1% to USD1,650.70 by …
Nothing can stop Gold from rising, even Coronavirus Read More »
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURNOK The pair is climbing steeply, stacking up gains as the 50-day and 200-day moving averages indicate bullishness for the euro and bearishness for the Norwegian krone. The krone is currently slated as the …
Daily Market Charts and Analysis February 27, 2020 Read More »
The epidemic and its impact on the Chinese economy are the principal causes of the decrease in daily demand for crude oil. The coronavirus outbreak and its influence on the Chinese economy initiated last month by the Lunar New Year holidays. They led to the 435,000 barrel decline in daily demand for oil in the …
The Coronavirus first quarterly decline in oil consumption Read More »
On Monday, fears have renewed that the Coronavirus will harm global growth. It has rocked the commodity markets again, with oil prices tumbling. Oil led the losses on Monday, dropping more than 3% in London and New York. Chinese fiscal stimulus and new warnings to supplies from Africa and Latin America have resulted in the …
Oil dropped more than 3% due to the fear of the Coronavirus Read More »
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